A UK man identified as Chris has recovered bitcoin he lost access to when trading platform Intersango collapsed in 2014. At the time, the holdings in his digital wallet were worth about £4,000. Intersango reportedly had more than 5,000 accounts when it shut down, and bitcoin worth hundreds of millions of pounds may still sit in an account controlled by one of the company’s co-founders. Former users may be able to reclaim assets if they can provide sufficient proof of ownership. After years of failed attempts to contact the company, Chris said he had largely given up, describing the experience of watching bitcoin rise in value as feeling “like being punched hard in the stomach.” Earlier this year, he tried again and hired a lawyer to help prove ownership of dozens of “lost” bitcoins. Months later, the coins were returned to him and are now worth about £3.3 million.
ChainCatcher reported that a UK man, Chris, lost access to his digital wallet when trading platform Intersango collapsed in 2014. The bitcoin in that wallet was worth about £4,000 at the time.
Intersango reportedly had more than 5,000 accounts when it went under. Bitcoin worth hundreds of millions of pounds may still remain in an account held by one of the company’s co-founders, and former users may be able to reclaim their assets if they can provide sufficient proof of ownership.
After making repeated attempts over the years to contact the company without success, Chris at one point gave up. He said watching bitcoin keep rising in price felt “like being punched hard in the stomach.”
Earlier this year, he tried again and hired a lawyer to help prove that he owned dozens of “lost” bitcoins. Several months later, the bitcoin was returned to him. It is now worth about £3.3 million.
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